Property unavailable This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings. Show similar properties Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us. If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email. Street view Meridian House, Arle Road, Cheltenham, GL51 8LZ 12,313 Sq Ft / Offices Withdrawn - Last updated: 12 April 2023 Summary Reversionary Office Investment Investment Summary Modern 2 storey office building totalling 12,313 sq ft NIA Located 1 mile from Cheltenham town centre The property is to be sold via a new 999 year long leasehold at a peppercorn rent on completion of the sale Let to QA Limited until 13th May 2023 Low base rent of £156,000 per annum (£12.80 psf) Low capital value of only £148 psf Strong covenant with D&B Rating of 5A1 Alternative residential use potential Offers are sought in excess of £1,825,000 (One Million Eight Hundred and Twenty Five Thousand Pounds) subject to contract and exclusive of VAT A purchase at this level reflects an attractive Net initial yield of 8.05%, after allowing for purchaser’s costs of 6.22% Situation Located 1 mile north west of Cheltenham town centre Less than 10 mins drive time to the M5 (Junctions 10 & 11) Cheltenham Trade park was constructed in phases in the 1980’s and 1990’s Meridian House benefits from prominent frontage onto Arle Road The property is surrounded by residential occupiers and has alternative residential use potential Surrounding occupiers include Sainsbury’s, Boots, Argos, Topps Tiles, Screwfix, Currys & PC World Property Description Meridian House comprises a two storey office building that is currently used by the tenant as a teaching centre. The building was built in 1991 and is of steel frame construction, with brick elevations under a pitched tiled roof. Internally the specification includes: Ground floor reception area New carpets Air conditioning installed by tenant Raised floors Suspended ceilings with LG7 lighting 8 person passenger lift Double glazed windows Shower Male, female and disabled toilet facilities on each floor Externally, there is provision for 59 car parking spaces within the demise, of which 27 are next to the building and 32 in a separate private car park. This reflects an excellent overall parking ratio of 1:209 sq ft. Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist